Netflix (NFLX) Q1 FY26 earnings call

Netflix maintained its strong organic growth outlook for 2026, targeting 12-14% revenue growth and a 31.5% operating margin, driven by significant expansion in its advertising business and continued member engagement. The company emphasized its disciplined approach to M&A, walking away from the Warner Bros. deal when costs outweighed value, while continuing to invest in core content, gaming, and AI-driven enhancements to improve member experience and monetization.